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jimtash

11/09/22 8:54 AM

#24602 RE: Aquahoya #24599

Then with Patel's connections, why would he need to go public to get capital beforehand?

Hilton hotels was founded in 1919. Incorporated in 1946 and went public soon after. Ya see what I'm saying?

https://en.wikipedia.org/wiki/Hilton_Worldwide

In 1925, the Dallas Hilton became the first hotel to use the Hilton name.[17] In 1927, Hilton expanded to Waco, Texas,[18] where he opened the first hotel with air-conditioning in public areas and cold running water.[19][20][21]

In 1943, Hilton assumed management of the Roosevelt Hotel and purchased the Plaza Hotel, both well-established high-end luxury hotels less than a mile apart in New York City's Midtown Manhattan neighborhood. With this pair of acquisitions Hilton established the first hospitality company to span the contiguous United States.[22]